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ACHR - Joby Aviation: First Mover Advantage Could Lead To Lofty Returns
Archer Aviation Inc. Class A
2024-04-08 03:37:32 ET
Summary
Joby has the potential to become the “Uber” of the eVTOL industry, thanks to its first mover advantage in the industry.
Joby’s vertically integrated business model could allow it to benefit from the growth of the eVTOL industry by selling systems and components to future industry players.
Joby’s Part 145 Certificate will be cost-efficient when its aircraft require maintenance in the future.
My price target for Joby is $12.39 per share by 2029, representing 152% upside.